Chunghwa Telecom (NYSE:CHT) Cut to Hold at StockNews.com

Chunghwa Telecom (NYSE:CHT) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Chunghwa Telecom Stock Down 1.2 %

NYSE CHT traded down $0.48 on Monday, hitting $39.81. 217,165 shares of the company were exchanged, compared to its average volume of 97,892. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 0.06. The company has a market cap of $30.88 billion, a PE ratio of 26.72, a PEG ratio of 21.42 and a beta of 0.22. The stock has a fifty day moving average of $38.91 and a 200-day moving average of $38.37. Chunghwa Telecom has a 12 month low of $35.92 and a 12 month high of $40.62.

Chunghwa Telecom (NYSE:CHT) last issued its earnings results on Thursday, January 23rd. The utilities provider reported $0.36 EPS for the quarter. Chunghwa Telecom had a return on equity of 9.53% and a net margin of 16.18%. As a group, analysts forecast that Chunghwa Telecom will post 1.44 earnings per share for the current year.

Hedge Funds Weigh In On Chunghwa Telecom

Several institutional investors have recently modified their holdings of CHT. Sierra Ocean LLC purchased a new position in Chunghwa Telecom in the fourth quarter worth $54,000. BNP Paribas Financial Markets grew its position in Chunghwa Telecom by 617.4% during the fourth quarter. BNP Paribas Financial Markets now owns 1,693 shares of the utilities provider’s stock valued at $64,000 after buying an additional 1,457 shares during the period. GAMMA Investing LLC raised its position in Chunghwa Telecom by 71.4% in the fourth quarter. GAMMA Investing LLC now owns 3,085 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 1,285 shares during the period. GeoWealth Management LLC purchased a new position in Chunghwa Telecom in the fourth quarter valued at about $117,000. Finally, R Squared Ltd bought a new position in shares of Chunghwa Telecom during the 4th quarter valued at approximately $127,000. 2.11% of the stock is owned by institutional investors.

About Chunghwa Telecom

Chunghwa Telecom Co, Ltd., together with its subsidiaries, provides telecommunication services in Taiwan and internationally. It operates through Consumer Business, Enterprise Business, International Business, and Others segments. The company offers local, domestic long distance, and international long distance fixed-line telephone services; mobile services such as prepaid and postpaid plans; broadband plans; and internet and data services.